Indian benchmark indices Sensex and Nifty 50 are likely to see a firm opening on January 24, tracking cues from GIFT Nifty trading around 23,303.50, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian benchmark indices, Sensex and Nifty, extended gains from the previous session and ended higher on January 23, albeit off their day's highs. However, it was the broader markets--which houses small and midcaps, that staged a sharp rebound from yesterday's selloff, outperforming their larger cap peers.
At close, the Sensex was up 115.39 points or 0.15 percent at 76,520.38, and the Nifty was up 50.00 points or 0.22 percent at 23,205.35. Market breadth remained strong, with gainers outnumbering laggards.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Up)
The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 23,303.50 at 07:20 am IST.
Asian Equities (Rise)
Asian equities rose, following a rebound in technology stocks that pushed Wall Street to a record high.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | 0.59 | 0.93 | 0.93 |
| Nikkei | 0.48 | 2.23 | 2.23 |
| Hang Seng | - | - | - |
| Taiwan | - | - | - |
| Kospi | 0.88 | 9.99 | 9.99 |
The benchmark S&P 500 rose to a record closing high on Thursday, as investors assessed a mixed bag of corporate earnings and digested comments from President Donald Trump, including a call for cuts in interest rates and oil prices.
All three of Wall Street's major indexes scored their fourth straight day of gains.
The S&P 500 gained 32.34 points, or 0.53%, to 6,118.71, The S&P 500 registered its first closing record since Dec. 6 after narrowly missing the milestone on Wednesday.
The Dow Jones Industrial Average rose 408.34 points, or 0.92%, to 44,565.07 and the Nasdaq Composite gained 44.34 points, or 0.22%, to 20,053.68.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.92 | 5.80 | 5.80 |
| S&P500 | 0.53 | 5.07 | 5.07 |
| Nasdaq | 0.22 | 4.88 | 4.88 |
US 10-Year Treasury fell 22 bps at 4.63 and 2-Year Treasury shed 35 bps at 4.27 in the early trade on Friday.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.63 | 4.58 | 4.17 |
| US 2-Year Treasury | 4.27 | 4.33 | 4.37 |
The dollar index - which measures the currency versus six top rivals, was up marginally in the early trade on Friday.
| Current Price | MTD | YTD | |
| Dollar Index | 108.13 | 108.25 | 103.23 |
Asian currencies were trading mixed against the US dollar in the early Friday trade with Japanese Yen, Indonesian Rupiah, China Renminbi, South Korean Won down marginally.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0.025 | -0.534 | -0.933 |
| South Korean Won | -0.080 | 1.53 | 2.92 |
| Japanese Yen | -0.083 | 0.621 | 0.653 |
| Philippines Peso | 0.184 | -0.191 | -1.03 |
| Thai Baht | 0.097 | 0.660 | 1,17 |
| Taiwan Dollar | 0.037 | -0.174 | 0.092 |
| China Renminbi | -0.137 | 0.135 | 0.768 |
| Malaysian Ringgit | 0.011 | 0.977 | 0.630 |
| Singapore Dollar | -0.059 | 0.302 | 0.738 |
Oil fell after President Donald Trump urged OPEC to lower crude prices and said he will push for interest-rate cuts.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.78 | 3.23 | 3.23 |
| Brent Crude | -0.83 | 4.01 | 4.01 |
Gold held near the highest since October as traders weighed President Donald Trump’s latest tariff threat against Europe, along with his vow to push for more interest- rate cuts.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | 0.24 | 5.23 | 5.23 |
| Silver | 0.26 | 5.66 | 5.66 |
The Foreign institutional investors (FIIs) remained net sellers on the 15th consecutive day as they sold equities worth Rs 5,462.52 crore on January 23, on the other hand, domestic institutional bought equities worth Rs 3,712 crore on the same day.
| 23rd Jan | MTD | YTD | |
| FII Net Flows | -5,462.52 | -66,321.65 | -66,321.65 |
| DII Net Flows | 3,712.55 | 64,542.19 | 64,542.19 |
Hope you're all set for today's trade, we wish you a profitable day ahead.
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